Theranos Founder Elizabeth Holmes Appears in Court in Fraud Case

Theranos had promised it would revolutionize health care with cost transparency and blood-testing technology that would require less blood. But the company never actually had such technology, investigators said

Theranos Founder Elizabeth Holmes in SJ Court in Fraud Case

Once the darling of Silicon Valley, Elizabeth Holmes, founder of failed startup Theranos, was in court Monday, now a suspected felon. (Published Monday, April 22, 2019)

Once the darling of Silicon Valley, Elizabeth Holmes, founder of failed startup Theranos, was in court Monday, now a suspected felon.

In one of the most high profile cases in the country, Holmes is accused of scamming people with her Palo Alto-based blood-testing startup. The 35-year-old was in federal court in San Jose, where the judge proposed a trial date of July 8. But a date was not set, and another status hearing was scheduled for July 1.

Holmes and Theranos Chief Operating Officer Ramesh Balwani are accused of swindling investors, doctors and patients out of millions of dollars.

Theranos had promised it would revolutionize health care with cost transparency and blood-testing technology that would require less blood. But the company never actually had such technology, investigators said.